The billion greenback merger of the automobile producer Fiat Chrysler and Renault has exploded. The rationale for the flip ought to have been the delaying techniques of France. The state holds a 15 % stake in Renault.
Fiat Chrysler withdrew its tender for billions of {dollars} for Renault. The circles of the French automaker reported that the explanation was France's try and postpone a merger choice.
Renault has said that its board of administrators has not been in a position to decide on the Fiat provide on Might 27th. The rationale was the request of the French representatives to postpone the vote to a later date. An insider stated that France had needed to postpone the $ 30 billion merger to carry talks with Nissan and the Tokyo authorities.
On Wednesday, it was reported that France and Fiat had agreed preliminary situations for the merger. The French state holds 15% of Renault.
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